Bitstamp, which claims to be the world’s “longest-running” crypto exchange announced an expansion of stablecoin offerings, enhancing trading pairs for USDC and EURC in partnership with Circle, a provider of digital asset infrastructure and stablecoin solutions.
This move reinforces Bitstamp’s commitment to providing its users around the world with “secure, compliant, and accessible” digital asset solutions—solidifying Bitstamp’s position as “a global marketplace for cryptocurrencies.”
EURC and USDC are among the world’s “largest fully-reserved, regulated” stablecoins, and Circle is the “first” major global stablecoin issuer “to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.”
Jean-Baptiste Graftieaux, CEO of Bitstamp said:
“As demand for regulated stablecoins grows, our partnership with Circle enables our users to have access to trusted, compliant options, reinforcing our commitment to a secure and transparent trading environment.”
Sanja Kon, Circle’s VP of Partnerships and Business Development, Europe:
“This partnership reinforces our shared commitment to delivering secure, transparent, and regulatory-compliant digital asset solutions. By expanding access to USDC and EURC, Bitstamp customers benefit from trusted, fully reserved stablecoins that enhance liquidity and efficiency in the digital asset ecosystem.”
Bitstamp customers continue to show strong demand “for regulated stablecoins, reinforcing the platform’s reputation as a trusted exchange for crypto assets.”
In 2024, trading volume for USDC on Bitstamp increased by “52% year-over-year, with the highest growth in Europe, the EMEA at 63%.”
The total amount of USDC held by Bitstamp customers “grew by 59%, while assets used in lending rose by 36%, driven by a 44% increase in EMEA.”
By the end of the year, 27% of USDC available for lending “was actively used.”
As adoption of EURC is still in its early stages, this partnership “aims to expand access to this regulated stablecoin.”
The new USDC and EURC trading pairs will give Bitstamp customers the ability to transact with stablecoins more efficiently, “backed by an infrastructure designed for transparency and regulatory compliance.”
Bitstamp users can look forward to “additional benefits when interacting with Circle products, creating a more robust trading environment across multiple markets.”
As clarified in the update, EURC is not available in the US.
Bitstamp is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.
Licensed as a Money Transmitter by the New York State Department of Financial Services.
As noted in the update, Bitstamp UK Limited is registered with the UK’s Financial Conduct Authority.